Yahoo Finance reports that the Los Angeles Angels are exploring a potential sale in what could be the latest professional baseball team to change hands.  The Angels are owned by successful Out of Home entrepreneur, Arte Moreno.

“Although this difficult decision was entirely our choice and deserved a great deal of thoughtful consideration, my family and I have ultimately come to the conclusion that now is the time,” Angels owner Arte Moreno, 76, said in a statement.

In 1999, Moreno and his former business partners sold Outdoor Systems Inc., an outdoor advertising company, to Infinity Broadcasting Corp. for more than $8 billion.

In 2003, he became the first Hispanic person to buy a controlling stake in a Major League Baseball team when he acquired the Angels for about $180 million from the Walt Disney Co., which bought the team from the singer and actor Gene Autry in the 1990s.

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